The basis of Adani Enterprises Ltd’s arguments lies in a loan agreement signed between RRPR and VCPL on 21 July 2009
MUMBAI : Adani Enterprises Ltd said on Friday that the contentions raised by NDTV’s promoter entity RRPR Holding Pvt. Ltd are legally untenable and devoid of merit. It asked the broadcaster to immediately fulfil the contract obligation to allot equity shares. Returning the original loan and warrant certificates will have no impact either, it said in a regulatory filing.